United States

Overview of Basel III impact on and implementation tips for community banks

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In the wake of one of the sharpest financial downturns in decades, a global committee of central bankers and regulators developed Basel III rules designed to help financial institutions better withstand economic shocks. After a period of public review and comment, the new rules for U.S. banks were approved in 2013 by three major domestic regulatory bodies, including the Federal Reserve and the Federal Deposit Insurance Corporation. As a cornerstone of the new rules, all banks must now increase both the quantity and quality of assets designated as capital reserves.

In this white paper, RSM’s John Behringer and Nick Hahn provide an overview of Basel III, the new capital rules, and steps community banks can take to smoothly meet the initial implementation deadline of Jan. 1, 2015.   

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